Mindblown: a blog about philosophy.
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Florida Summer Housing Returns to Pre-Pandemic Patterns
Summer sales of residential Real Estate in Florida are not as strong as they used to be. New state laws raise construction safety standards, increasing HOA and maintenance costs for older condos.
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Inside Palm Beach County’s new $7.7 billion budget: Will property taxes rise?
The county government has adopted a tentative budget maintaining the tax rate at $4.50 per $1,000 of assessed property, but rising property values will likely lead to higher tax bills. Property values increased by 9% in 2023, meaning homeowners will pay more despite the unchanged rate. The budget, totaling $7.7 billion, includes a 6% pay…
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Why condo values, sales are dropping in South Florida
The South Florida condo market is facing a crisis as stricter regulations take effect, leading to a 7% drop in sales across Miami-Dade, Broward, and Palm Beach counties. The number of condos for sale surged by 60% in Miami-Dade, impacting values. New state laws, prompted by the Surfside collapse, are causing concern among owners about…
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Florida, Poised for Growth or Crash?
Experts foresee a robust market for the remaining of 2024, fueled by ongoing population and business expansion. Even with increasing inventory, the market remains favorable for sellers, with strong demand supporting stable prices.
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El jefe regional de la Fed envía una señal más clara de que quiere tasas de interés más bajas
El presidente del Banco de la Reserva Federal de Atlanta indicó estar listo para bajar pronto la tasa de interés objetivo del banco central, citando la necesidad de un escrutinio más cercano del empleo a pesar de que la inflación sigue por encima del objetivo del 2%. Aunque la inflación se ha enfriado a nivel…
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Tasas De Refinanciamiento a 30 años Caen Al Nivel Más Bajo en 7 Mese
Las tasas de refinanciamiento de hipotecas a 30 años cayeron al 6.63%, el nivel más bajo desde diciembre de 2023. Las tasas de 15 y 20 años también ↓11 y ↓ 5 puntos básicos, respectivamente.
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West Palm Beach’s $264 million budget will include employee raises, steady property tax rate
The West Palm Beach City Commission has given preliminary approval to a $264 million general fund budget for fiscal year 2025, maintaining property tax rates while providing raises for police, fire, and other unionized workers. The overall budget is $980.7 million, reflecting a 10.2% increase from the previous year. Key allocations include $96.8 million for…
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What Challenges Face South Florida Housing Market?
South Florida’s Real Estate market is struggling due to high interest rates, insurance costs, and regulations. Rising insurance costs make property ownership pricier; shop for better rates and invest in safety features.
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South Florida 2025 Rebound: Home Sales to Grow
It is projected that by 2025, mortgage rates could further drop to 5.7%, stimulating a rebound in home sales. The median single-family sales price expected to climb by 6.9% in 2024 and nearly 10% in 2025 in South Florida.
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La Fed Y Las Tasas: Una Relación Compleja
Las decisiones de la Fed sobre las tasas de interés tienen un impacto significativo en los mercados globales, la actividad económica y las tasas de inflación.Se está considerando un posible aumento de tasas a medida que la inflación se acerca al objetivo del 2% de la Fed.
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